Senate resolution to block a banking rule regarding state escrow laws
/ 1 min read
Table of Contents
This is a joint resolution introduced in the Senate. It aims to overturn a specific rule issued by the Office of the Comptroller of the Currency (OCC).
Why it matters: This is a procedural move intended to prevent a federal banking regulator from setting a specific policy regarding how state escrow laws apply to national banks.
Who it affects
- National banks
This information comes from Congress.gov regarding an action by the Senate; readers should consult the official text before relying on it.
Agency: Senate
Source: Congress.gov — read the official document